According to Marks, a serious price pattern has been forming that suggests SHIB<\/a> could be getting ready for an explosive move higher. At the same time, though, another analyst, Alan Santana, suggests this current market phase is not going to rally but gives way as an opportunity for long-term accumulation only.<\/p>\n Marks is optimistic due to the formation of what is known as a Falling Wedge pattern<\/a>, which usually forms as a bullish reversal. This wedge has been emerging for many months, and SHIB is now reaching the point where a breakout could occur.<\/p>\n $SHIB<\/a> (Shiba Inu)’s \u22486X:<\/p>\n Prices of Shiba are currently nearing the converging or breakout point of a massive Falling Wedge pattern on the daily (1d Chart) and with a recent confirmation of a Regular Bullish Divergence, this can be pointing to a bullish breakout!<\/p>\n This can spark\u2026 pic.twitter.com\/sAUSyrH4q0<\/a><\/p>\n \u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) August 17, 2024<\/a><\/p><\/blockquote>\n Marks said that the narrowing price action inside the wedge indicates a big price shift might be due. Should SHIB break out, Marks assigns a target price of $0.000081, which would be an incredible 498% higher from current levels.<\/p>\n Currently, SHIB stands at a price that is close to $0.000013, which signals that it is worth over 1% more in the last day. The insignificance of this price jump may serve as a rebounding sign for SHIB, which jumps to 25% from the lows of $0.000010 not too long ago.<\/p>\n But not everyone is swayed that SHIB will experience such drastic moves in the short run. For example, Alan Santana, a respected crypto analyst, is a bit more level-headed.<\/p>\n \u2734\ufe0f Shiba Inu Pre-2025 Bull-Market Accumulation Zone & Strategy<\/p>\n Please, let me start by saying that the all-time high potential is based on the current price. Since Shiba Inu can move lower within the “accumulation zone,” by the end of the upcoming bull-market total growth\u2026 pic.twitter.com\/fLdTbOGQvm<\/a><\/p>\n \u2014 Alan Santana (@lamatrades1111) August 17, 2024<\/a><\/p><\/blockquote>\n Santana holds his opinion that SHIB is within an active correction phase, which is likely to further slash its price before any substantial gains can be accrued. A sideways move and consolidation period shall be the best move for long-term investors in this case.<\/p>\nThe Falling Wedge Pattern<\/strong><\/h2>\n
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<\/p>\nRising Investor Interest In Shiba Inu<\/strong><\/h2>\n
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